Broadway Village Center - Strong Tenant Mix 701 -777 Broadway 25,460 SF 100% Leased Retail Building El Cajon, CA 92021 $9,237,759 ($362.83/SF) 6% Cap Rate

The Ovaness Rostamian Group of Marcus & Millichap is pleased to offer Broadway Village Center at 701-777 Broadway, El Cajon — a 25,460 Sq. Ft. stabilized 100% leased neighborhood shopping center located in the high-growth city of El Cajon California located in one of San Diego County’s most active and desirable retail corridors, known for high consumer traffic and strong tenant demand. This stabilized asset offers diversified income, alongside a strong mix of daily-needs retailers.
Ideally positioned along Broadway, the primary east-west commercial corridor, the property features approximately 408 feet of frontage with exposure to a combined (±38,862 VPD) along Broadway and North Mollison Avenue. This high-visibility location ensures strong consumer exposure and draws consistent traffic from both commuters and local residents.
The property includes 25,460 Sq. Ft. of GLA on ±2.19 acres and is priced below replacement cost. Two legal parcels offer future flexibility, including the potential to sell off the outparcel to reduce investment basis. The tenant mix includes hardy mix of tenants: 8% Quick Service Restaurants (QSR) and 15% Specialty Retail, 18% Medical, 4% Grocery, 18% Services, 32% Fitness and 5% clothing catering to both the local community consumer demand.
The surrounding trade area includes over 321,681 residents within a five-mile radius, supported by an average household income of $118,399. El Cajon is experiencing steady population growth, with a projected 6.2% increase over the next five years, driven by new housing developments and infrastructure investment. The city of El Cajon is actively pursuing business-friendly policies, including tax incentives, streamlined permitting, and targeted support for industries such as retail, healthcare, and education, contributing to a strong and diverse employment base.
With excellent regional connectivity via Interstate 8 (±244,020 VPD) and Highway 67 (±108,686 VPD), the property is well-positioned to capture both local and regional consumer traffic. El Cajon and San Diego’s low retail vacancy rate at 7.5% and 4.5% and high spending power make 701-777 Broadway, El Cajon a rare opportunity to acquire a high-visibility, stabilized retail center — one of Southern California’s most promising growth markets.